Answer:
b. rise and thereby decrease aggregate demand.
Explanation:
When the economic growth is negatively far away from the potential level, it means destruction and missing development and it starts recession period on the economy. This period will show falling GDP, falling incomes.
In Recession,
- Real GDP , aggregate demand and national output will fall dramatically
- Unemployment will soar to the top, there will be the problem how to find job
- Inflation rates besides the cases above will tend to decrease because there will be lower demand in the economy as well.
- The government will also increase its debts because of expansionary fiscal policy and automatic stabilizers (the government will tend spend more on unemployment benefits)
- Asset prices will decrease because of less demand
- Interest rates will be cut off by central banks due to the aims of stimulating the economy
- Investments will also drop by businesses
-Taxes will tend to increase and needs some expansionary fiscal policy to decrease it
Answer:
b. $358,500
Explanation:
Given;
Retained Earnings at December 31, 2018 = $300,000
In 2019,
Revenue = $600,000
Expenses = $525,000
Declared and paid dividends = $16,500
Retained earnings on the balance sheet as of December 31, 2019
= $300,000 + $600,000 - $525,000 - $16,500
= $358,500
The right option is b. $358,500
Answer:
Having a wedding gown altered
Getting your hair done for a wedding
Explanation:
A service is rendered when there is no exchange of physical goods between the buyer and seller
When a wedding gown is altered and when my hair is done, there is no exchange of a physical good
